Franklin Resources Inc. Has $574.62 Million Holdings in Dominion Energy Inc. $D

Franklin Resources Inc. trimmed its position in shares of Dominion Energy Inc. (NYSE:D) by 8.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,393,800 shares of the utilities provider’s stock after selling 901,955 shares during the period. Franklin Resources Inc. owned approximately 1.10% of Dominion Energy worth $574,619,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after acquiring an additional 14,715,895 shares during the period. Capital Research Global Investors increased its stake in Dominion Energy by 22.4% in the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after acquiring an additional 10,049,691 shares during the last quarter. Norges Bank bought a new position in Dominion Energy in the second quarter valued at approximately $566,924,000. Mizuho Markets Americas LLC raised its position in Dominion Energy by 139.3% during the third quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after purchasing an additional 3,073,835 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd raised its position in Dominion Energy by 84,502.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after purchasing an additional 1,733,143 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Down 0.8%

Shares of D opened at $62.20 on Thursday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 0.77. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $67.57. The stock has a market capitalization of $54.66 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.70 and a beta of 0.71. The stock has a fifty day moving average of $61.85 and a 200-day moving average of $60.73.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.Dominion Energy’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy’s dividend payout ratio is currently 77.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on D shares. Barclays reduced their target price on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Mizuho boosted their price target on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. dropped their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. Scotiabank raised their price objective on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Finally, TD Cowen began coverage on Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 target price on the stock. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.73.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.